It's the result of a "trifecta factor" with overall inventory continuing to decrease, the average days-on-the-market declining and median home prices continuing to increase, the Naples Area Board of Realtors announced Friday.

"For the last few years, we have continued to see strong home sales in the summer," said Mike Hughes, vice president and general manager of Downing-Frye Realty in a statement. "The notion of strong sales occurring only during traditional 'season' is no longer, and we are very bullish on the real estate market heading into summer due to the environment of low inventory, the tightening up of days on the market and the increase in median prices. If people have been waiting to list, now may be the time."

The overall median price increased 18 percent from $186,000 in April 2012 to $219,000 for the 12-month period ending April 2013, according to a prepared statement NABOR released this afternoon.

Return to naplesnews.com later today for more on this developing story